The president vetoed legislation to allow the construction of the Keystone XL pipeline today
The White House announced today that President Obama vetoed legislation regarding TransCanada’s (ticker: TRP) Keystone XL pipeline. In his message to the Senate, the president said that the legislation “attempts to circumvent longstanding and proven processes for determining whether or not building and operating a cross-border pipeline serves the national interest.”
The bill passed the House 270 to 152 and the Senate 62 to36 – short of the two-thirds necessary to override a presidential veto. This marks the third time the president has vetoed legislation during his time in office, but the White House said that Obama retains the authority to make a final judgment on the pipeline on his own timeline, reports the New York Times.
The veto has not discouraged congressional Republicans who said that they will find a way to pass the legislation. “The president is sadly mistaken if he thinks vetoing this bill will end this fight,” said Senate Majority Leader Mitch McConnell and House Speaker John Boehner in a USA Today op-ed. Republicans have said that they will attach Keystone legislation to other bills in an attempt to either force the president to pass the legislation or earn enough votes to override the veto.
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